Apple Inc (AAPL)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 143,692,000 | 143,566,000 | 122,659,000 | 112,913,000 | 128,777,000 | 135,405,000 | 112,292,000 | 118,180,000 | 153,154,000 | 134,836,000 | 114,423,000 | 121,465,000 | 154,106,000 | 143,713,000 | 140,065,000 | 143,753,000 | 163,231,000 | 162,819,000 | 134,973,000 | 123,346,000 |
| Total current liabilities | US$ in thousands | 133,973,000 | 145,308,000 | 124,963,000 | 120,075,000 | 137,286,000 | 153,982,000 | 129,873,000 | 127,508,000 | 147,574,000 | 125,481,000 | 107,754,000 | 106,385,000 | 132,507,000 | 105,392,000 | 95,318,000 | 96,094,000 | 102,161,000 | 105,718,000 | 89,704,000 | 93,772,000 |
| Current ratio | 1.07 | 0.99 | 0.98 | 0.94 | 0.94 | 0.88 | 0.86 | 0.93 | 1.04 | 1.07 | 1.06 | 1.14 | 1.16 | 1.36 | 1.47 | 1.50 | 1.60 | 1.54 | 1.50 | 1.32 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $143,692,000K ÷ $133,973,000K
= 1.07
The current ratio for Apple Inc has shown some fluctuations over the past few quarters. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has generally been above 1, indicating that Apple has had sufficient current assets to meet its short-term obligations.
Looking at the trend, we see that the current ratio has shown some variability, ranging from 0.86 to 1.60 over the past five years. The ratio dipped to 0.86 in the third quarter of 2022 but has since improved, reaching 1.07 in the most recent quarter.
A current ratio above 1 is typically considered healthy, as it suggests that the company has more than enough current assets to cover its short-term obligations. However, a ratio that is too high may indicate that the company is not efficiently utilizing its current assets. On the other hand, a ratio below 1 may raise concerns about the company's liquidity and ability to meet its short-term debt obligations.
In summary, while Apple Inc's current ratio has shown some fluctuations, it has generally remained above 1, indicating a healthy position in terms of covering short-term liabilities with current assets. Further monitoring of the ratio will be important to assess the company's liquidity position going forward.
Peer comparison
Dec 31, 2023